Sba Announces Rule Change to Simplify Size Standards; Change to Help Business Owners, Reduce Categories From 37 to 10

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WASHINGTON, March 18 /U.S. Newswire/ -- The U.S. Small Business Administration (SBA) is proposing new rules that will simplify the standards by which the SBA determines the size of a business. Under the proposed rules, size will be determined by number of employees in almost all cases and the number of different size categories will be reduced from 37 to just 10.

"The rules we are proposing today will make all small business owners' dealings with the government simpler and easier and will help the SBA reach more small businesses," SBA Administrator Hector V. Barreto said. "Small business owners have told us that the current system is overly complex and difficult for the owners to understand. This reform is strongly needed, and I believe it is a major step in our ongoing commitment to creating an environment in which all American entrepreneurs can flourish."

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Sba Announces Rule Change to Simplify Size Standards; Change to Help Business Owners, Reduce Categories From 37 to 10

The proposed rule will be published in the Federal Register tomorrow with public comments due ...

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